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BC releases purchases via WhatsApp with Mastercard and Visa cards

02/03/2023
in English

Visa and Mastercard credit, debit and prepaid card holders will be able to make purchases through WhatsApp. The Central Bank (BC) authorized this type of transaction in the Facebook Pay Program, as the payment system through the messaging application is called. In March 2021, the two operators, Visa and Mastercard, had been authorized to transfer funds, deposits and prepaid operations through WhatsApp. Since then, the BC was analyzing the release of purchases through Facebook Pay. This new functionality joins the transfer of resources between users of this application, authorized in March 2021 (P2P) ”, highlighted the BC in a note. Membership The monetary authority also clarified that the membership of new institutions (accreditors or payment issuers) interested in participating in Facebook Pay remains open. Once approved, new participants in the tool must wait a month to start operating WhatsApp transactions. According to BC, the deadline is necessary to preserve competition in the means of payment market. WhatsApp must be communicated by the founders to all participants of their payment arrangements at least 30 days in advance”, highlighted the Central Bank in its statement.

Agência Brasil

Tags: cardsMastercardpurchasesreleasesVisawhatsapp

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